Chapter 7 Bankruptcy is designed to allow an individual to discharge debts and get a "fresh start." A debtor must be qualified to use the Chapter 7 Bankruptcy procedure to discharge debts. Eligibility for Chapter 7 Bankruptcy is determined by using the "means test," which factors in pertinent information such as income and household size.
There are limitations on which debts can be discharged. Student loans are usually not discharged in a bankruptcy proceeding and bankruptcy will not extinguish a lien on property. Due to potential complications involved in bankruptcy proceedings, we strongly encourage potential clients to be represented by an attorney. If you are interested in filing Chapter 7 Bankruptcy, give us a call today and we will have an attorney within our network represent you.